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__________________
“The market can remain irrational longer than you can remain solvent.” - John Maynard Keynes
"The one absolute requirement of a money manager is emotional maturity. If you don’t know who you are, the stock market is an expensive place to find out." - Adam Smith

Somehow I've not taken any note of this stock. I has never been in my radar. I was just surprised to note today that it actually moved from N10 (July) to N17 (August) before settling down at around N15. That is some decent recovery.

I have had it on my radar. Wish I had bought more instead of bank shares. I expect it to hit 25 naira @ this rate.

The new MD is very good. They have relaunched almost all their products. They seem to understand the Nigerian market. They have blue band in sachets. Sunlight soap has been relaunched. I expect a lot more in terms of dividends. They have to repatriate more profit to the UK as the economy there no good.

Are this people operating in the same country as the others? even the taxation will be enough for some companies to declare...did they get some cash infusion from their UK parents during the period under review?

Somehow I've not taken any note of this stock. I has never been in my radar. I was just surprised to note today that it actually moved from N10 (July) to N17 (August) before settling down at around N15. That is some decent recovery.

Na greed make me sell this one, bought cheap and intended to leave it for the longest term but had to sell when the price got to N16.

Not bad... but after updating my bedsheet I got the following numbers; Unilever has a PE of 11.61x, which is higher than industry average of 9.95x. AG Leventis still looks attractive with a PE of 7.03x. Unilever has the highest forward dividend yield of 8.48% in contrast to industry average of 5.75% but it has the highest price to book value of 5.36x in contrast to industry average of 2.48x.

Not bad... but after updating my bedsheet I got the following numbers; Unilever has a PE of 11.61x, which is higher than industry average of 9.95x. AG Leventis still looks attractive with a PE of 7.03x. Unilever has the highest forward dividend yield of 8.48% in contrast to industry average of 5.75% but it has the highest price to book value of 5.36x in contrast to industry average of 2.48x.

Just like you, sleep don become pay as you go and it is very very expensive. I can afford only 3 hours per day and I have exhausted my limit for today... if you ban me from coming online, where do you want me to go??

Not bad... but after updating my bedsheet I got the following numbers; Unilever has a PE of 11.61x, which is higher than industry average of 9.95x. AG Leventis still looks attractive with a PE of 7.03x. Unilever has the highest forward dividend yield of 8.48% in contrast to industry average of 5.75% but it has the highest price to book value of 5.36x in contrast to industry average of 2.48x.

Which, in a layman's language, will mean that both Unilever and Leventis are looking good in that sector.

Okay, you are looking at it from the trading point of view, but I prefare Unilever just the same.

Well, partly from that view but mainly from the view that Unilever has moved from a losing positions in 2006 to back to back years of PAT growth. Those losing positions obviously hurt the position of the company and the valuation put on the stock in terms of any premium.

Note that the current Q-2 PAT is higher than any FY PAT they delivered even in the good ole days. Imagine what that means if they take this momentum to FY.

The real value of the stock has not really been priced in and I'll expect that to happen in the next few months.

I wish I had some of these right now...LOL..

__________________Enjoy.

Pumping.

Most people get interested in stocks when everyone else is. The time to get interested is when no one else is. You can't buy what is popular and do well.

Well, partly from that view but mainly from the view that Unilever has moved from a losing positions in 2006 to back to back years of PAT growth. Those losing positions obviously hurt the position of the company and the valuation put on the stock in terms of any premium.

Note that the current Q-2 PAT is higher than any FY PAT they delivered even in the good ole days. Imagine what that means if they take this momentum to FY.

The real value of the stock has not really been priced in and I'll expect that to happen in the next few months.

I wish I had some of these right now...LOL..

Are you sure it has not been priced in already? It has a PE of 11.38x, higher than sector average of 8.88x. It is next only to PZ with a PE of 11.90x. UACN is trading at a PE of 6.63x.

Unilever also has a beta of 1.3 [Bloomberg], which is the highest in the industry that has a weighted average beta of 0.85. This means it is more responsive to the vagaries of the stock market due to its high volatility. UACN is relatively stable and has a beta of 0.72.

If the price continues to gallop Unilever will become the most expensive stock in the sector, though I agree that a premium may have to be paid for the earnings growth but my investment strategy does not allow for that. I am not ready to pay for that when there are better bargains with less volatile earnings...

Are you sure it has not been priced in already? It has a PE of 11.38x, higher than sector average of 8.88x. It is next only to PZ with a PE of 11.90x. UACN is trading at a PE of 6.63x.

Unilever also has a beta of 1.3 [Bloomberg], which is the highest in the industry that has a weighted average beta of 0.85. This means it is more responsive to the vagaries of the stock market due to its high volatility. UACN is relatively stable and has a beta of 0.72.

If the price continues to gallop Unilever will become the most expensive stock in the sector, though I agree that a premium may have to be paid for the earnings growth but my investment strategy does not allow for that. I am not ready to pay for that when there are better bargains with less volatile earnings...

Absolutely agree on valuation. UACN will probably have even lower PE because the Q-4 will typically be equal to (Q-1 + Q-2 + Q-3).

On the other hand, calculating BETA for Unilever over the last 3 years will distort what to expect going forward. It is like using the BETA for NB between 2005 to 2006.

Traditionally, Unilever is not a volatile stock and it it retains it's usual place of pride, I'd expect it to be a defensive stock.

UACN just moved up like 20% in the last few days to pull away from N35 resistance since June. I think Unilever will also be moving away from the N15 resistance of the last 2 months.

__________________Enjoy.

Pumping.

Most people get interested in stocks when everyone else is. The time to get interested is when no one else is. You can't buy what is popular and do well.

Absolutely agree on valuation. UACN will probably have even lower PE because the Q-4 will typically be equal to (Q-1 + Q-2 + Q-3).

On the other hand, calculating BETA for Unilever over the last 3 years will distort what to expect going forward. It is like using the BETA for NB between 2005 to 2006.

Traditionally, Unilever is not a volatile stock and it it retains it's usual place of pride, I'd expect it to be a defensive stock.

UACN just moved up like 20% in the last few days to pull away from N35 resistance since June. I think Unilever will also be moving away from the N15 resistance of the last 2 months.

That is pure speculation ooo... I do that only with the banks that have very volatile prices and liquid enough for me to get out if I have to do it in a hurry. I take a more conservative stance with a long term view with conglomerates. If Unilever can have such a high beta during the past 3 years and they have suddenly shown improvement in earnings my thinking is that more players (like you) will enter the stock to make a quick profit and increase the the inherent volatility. So the beta value of 1.3 may just be too low for the stock going forward.